Two Sigma Investments LP increased its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 808.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,817,787 shares of the company's stock after acquiring an additional 1,617,702 shares during the period. Two Sigma Investments LP owned 0.98% of UP Fintech worth $11,743,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after purchasing an additional 3,901 shares during the period. SBI Securities Co. Ltd. bought a new stake in UP Fintech during the 4th quarter valued at approximately $34,000. Deutsche Bank AG bought a new stake in UP Fintech during the 4th quarter valued at approximately $38,000. Tairen Capital Ltd bought a new stake in shares of UP Fintech in the 4th quarter worth approximately $68,000. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of UP Fintech in the 4th quarter worth approximately $91,000. Institutional investors and hedge funds own 9.03% of the company's stock.
UP Fintech Stock Performance
Shares of TIGR stock traded down $0.02 during mid-day trading on Thursday, reaching $8.53. The stock had a trading volume of 3,012,310 shares, compared to its average volume of 7,101,494. The firm's 50 day simple moving average is $8.22 and its 200 day simple moving average is $7.39. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech Holding Limited has a one year low of $3.36 and a one year high of $14.48. The firm has a market cap of $1.57 billion, a PE ratio of 42.73 and a beta of 0.70.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The company had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on TIGR. Bank of America began coverage on UP Fintech in a research report on Monday, March 17th. They issued a "buy" rating for the company. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $5.80 to $9.50 in a research report on Wednesday, March 19th.
Read Our Latest Stock Analysis on TIGR
About UP Fintech
(
Free Report)
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.
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